YFI.X Crypto yearn.finance cryptocurrency (YFI.X, $6,392.69) RSI Indicator left the overbought zone on November 12, 2024
at Tickeron.com
YFI.X in downward trend: price expected to drop as it breaks its higher Bollinger Band on November 09, 2024
YFI.X broke above its upper Bollinger Band on November 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 62 similar instances where the stock broke above the upper band. In of the 62 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for YFI.X moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where YFI.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where YFI.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on YFI.X as a result. In of 117 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for YFI.X just turned positive on November 06, 2024. Looking at past instances where YFI.X's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
YFI.X moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for YFI.X crossed bullishly above the 50-day moving average on November 10, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where YFI.X advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
